Results for some of the biggest stocks on the ASX have started to drop and a few have delivered above expectations. While the immediate pop on the day is like a sugar hit for investors, evidence shows this outperformance can extend for months to follow.
In this episode of Buy Hold Sell, we’ve picked out three big names that beat expectations. CBA’s result provided welcome relief for bruised investors, Magellan rallied 14% on news of a bumper dividend, and Crown’s strong numbers saw shares pop 6%. Ben Clark from TMS Capital asks Romano Sala Tenna from Katana and Michael Wayne from Medallion for their views on these stocks and asks them each to nominate a standout result that caught their eye.